In today’s edition, Europe is busy with two meetings: one on gas between Russia and Ukraine – no deal so far; and a another one, on climate – no deal so far, but it is not the purpose of the meeting. EU leaders are under pressure from business groups and trade unions alike to deliver an ambitious new energy and climate change strategy. Also in today’s edition, good news for companies and investors: a new index made of companies fighting climate change shows that returns are higher than for companies in the Bloomberg World Index.
Quote of the day
“The businesses that have made it onto our first-ever global list of climate performance leaders are to be congratulated for their progress; they debunk economic arguments against reducing emissions.”
Paul Simpson, CEO of CDP, a British environmental nonprofit organization, in the Quartz’ story This is the Fortune 500 of companies taking the lead to fight climate change
For E.U. Climate Meeting, Deep Divisions and High Stakes
James Kanter, The New York Times
The leaders of the 28 members of the European Union are set to meet here on Thursday to reassert their global leadership in climate protection, but they will first need to finesse deep divisions over how to generate and distribute energy.
This is the Fortune 500 of companies taking the lead to fight climate change
CDP, a British environmental nonprofit, receives data from almost 2,000 companies around the world showing what they do to fight climate change.
***LB: Also in this story “The CPLI returned 37.5% from 2010-2014 (pdf) to investors, compared with 34.2% for the Bloomberg World Index.”
Big business and trade unions lead calls for bold EU climate change package
James Murray, BusinessGreen
Big business groups and Europe’s trade unions are united in urging EU leaders to deliver an ambitious new energy and climate change strategy for the post 2020 period, as the CBI and the European Trade Union Confederation both stepped up calls for ambitious new emissions targets for 2030.
Blue chips call for ambitious EU climate package, as concerns mount over lack of CCS support
James Murray, BusinessGreen
A group featuring some of Europe’s largest businesses has today called on the European Union to strengthen its proposed energy and climate change policy package for 2030, arguing it should deliver an emissions reduction target of “at least” 40 per cent and impose legally binding deployment targets for clean technologies.
UK calls for aggressive ETS reform ahead of EU2030 deal
Megan Darby, RTCC (Responding To Climate Change)
The UK is calling for aggressive and urgent reforms to the EU’s emissions trading system, ahead of a European Council meeting this week.
Denmark’s plan to offset transport emissions sparks EU row
Arthur Neslen, theguardian.com
A Danish bid to expand carbon offsetting to the transport sector has triggered uproar among NGOs and academics, with one new analysis saying it would devastate efforts to reign in fuel emissions.
***LB: Also in this story “The latest draft of the EU’s 2030 climate and energy package, due to be agreed later this week, suggests counting transport emissions within the EU’s emissions trading system (ETS). The document, seen by the Guardian, calls for concrete proposals allowing states to achieve their climate goals with “a new flexibility”.”
Duke pushes toward carbon neutrality
Sydney Sarachek, The Chronicle
Seven years after first pledging to become carbon neutral, Duke has shifted from lowering emissions through campus-level cuts to promoting environmentally-friendly choices for individuals.What do you think?
These Two World Leaders Are Laughing While the Planet Burns Up
Rebecca Leber, new republic
Canada once had a shot at being the world’s leader on climate change.
The Global Green Economy Index Winners And Losers
Joshua S. Hill, Clean Technica
The authors of the latest Global Green Economy Index have raised concerns about the “perceptions” of developed countries such as Australia, Japan, the Netherlands, and the United States, suggesting that “perceptions of their green economic performance dramatically exceed their actual performance on the [Global Green Economy Index].”
US, EU want UN to stress low cost of climate change fight – draft
Alister Doyle, Reuters
The United States and European Union want the U.N. to stress the low cost of fighting climate change in a draft handbook on the issue that it is compiling, a leaked document showed on Tuesday.
No Russia-Ukraine gas deal at EU talks; Moscow queries finances
Barbara Lewis, Reuters
Russia and Ukraine failed to reach an accord on gas supplies for the coming winter in EU-brokered talks on Tuesday but agreed to meet again in Brussels in a week in the hope of ironing out problems over Kiev’s ability to pay.
A Retreat From Weather Disasters
Eduardo Porter, The New York Times
After Hurricane Sandy roared across the Northeastern United States, many homeowners on Long Island — even those who escaped the most damage — often lost their property insurance.
EMA’s 18th Annual Meeting
Join the Environmental Markets Association and environmental industry professional for two days of dynamic sessions, two nights of networking receptions, and countless opportunities to increase your business contacts.
October 22 – 24, 2014
Santa Monica, CA
FT European Gas Summit
The FT European Gas Summit brings together leading and aspiring gas suppliers from around the globe, as well as energy industry experts, commentators and government decision makers to review the potential barriers to new gas supplies for Europe, and the impact on the region’s economic competitiveness. The summit will be chaired by Guy Chazan, Energy Editor, Financial Times.
23 October 2014
Skyonic dedicates its carbon-capture plant
David Hendricks, San Antonio Express-News
Austin-based Skyonic Corp. on Tuesday dedicated its first-of-a-kind factory in San Antonio, one that captures carbon dioxide emissions from a cement plant for conversion to byproducts that can be sold profitably to other industries.
Brazil must target smallholders to curb rising deforestation
Anastasia Moloney for the Thomson Reuters Foundation
Farmers with smallholdings are not responsible for most of the destruction of Brazil’s Amazon rainforest, but their contribution to deforestation is rising and must be addressed if the country is to hold on to recent gains, according to an environmental research group.
The Jargonaut: REDD All Over?
Brian Palmer, on earth
When it comes to fighting climate change, it’s hard to underestimate the importance of saving trees.
Natural gas / coal
British Columbia cuts tax in LNG push
Robert Delaney, Financial Times
British Columbia has lowered its tax rate for liquefied natural gas sales, following extensive negotiations with oil and gas companies like Shell and Petronas, which are looking to site multibillion-dollar LNG plants in the province.
US wind power breezes past 2013 installation mark by September
The US wind industry saw installations surpass last year’s total last month, according to new data published this week.
National Grid calls on businesses to join winter demand management drive
National Grid has officially launched its first tender round for the new Demand Side Balancing Reserve (DSBR) scheme, offering companies payments in return for reducing demand for power from the grid on winter evenings.
Daimler Sells Tesla Stake as Luxury Competition Emerges
Dorothee Tschampa and Tim Higgins, Bloomberg News
Daimler AG sold its stake in Tesla Motors Inc. as the maker of the battery-powered Model S sedan evolves from a startup into a competitor for the German automaker’s Mercedes-Benz luxury cars.
***LB: Also in this story “Daimler owned 3.9 percent of Palo Alto, California-based Tesla.”
Nuclear regulatory chief to step down
Laura Barron-Lopez, The Hill
Nuclear: Allison MacFarlane, the head of the nation’s top nuclear regulator, announced her plans to resign in January on Tuesday.
Steyer puts $15M into his climate super-PAC
Laura Barron-Lopez, The Hill
Billionaire climate activist Tom Steyer put another $15 million into his super-PAC NextGen Climate, according to recent filings.
Biofuels group launches six-figure ad buy across 3 states
Laura Barron-Lopez, The Hill
Biofuel advocate Fuels America is launching a six-figure campaign in Minnesota, Michigan, and Nebraska.
In Key Midterm Races, Democrats Sound Like Republicans on Climate Issue
Inside Climate news
Democrats are justifiably worried about holding onto control of the United States Senate in the midterm elections Nov. 4.